Mobilicom’s US Drone Manufacturer Customer Increases Recent Orders To $1.55M

Mobilicom (MOB) announced on Tuesday that a latest purchase order from one of the largest manufacturers of small-sized drones in the U.S. has increased the customer’s total recent orders to $1.55 million.

The company stated that a large defense manufacturer customer, with over $5 billion in annual sales, has integrated Mobilicom’s SkyHopper PRO as an essential component into drones sold to the U.S. Department of Defense (DoD).

Retail sentiment on Mobilicom dipped to ‘bearish’ from ‘bullish’ territory, with chatter at ‘high’ levels, according to data from Stocktwits.

Mobilicom stated that the increase in recent orders was driven by accelerating demand in the U.S. market for drones and related technologies. The company stated that earlier this year, following rigorous testing by the DoD, the SkyHopper PRO was selected and certified by the DoD's Blue UAS Framework, which provides a shortlist of approved vendors with advanced capabilities to UAS manufacturers.

The company stated that its SkyHopper PRO complies with the U.S. National Defense Authorization Act (NDAA) and adheres to trusted U.S. cyber regulations. “We are seeing a steady rise in production scale orders from this customer for drones that are under consideration for several Programs of Record with the DoD,” said Mobilicom CEO and Founder, Oren Elkayam.

“Should any one of the Programs of Record come through, we believe we will experience an accelerating pace of more substantial order sizes from this Tier-1 customer,” Elkayam added.

A recently signed executive order is expected to further accelerate demand for drone technologies, Mobilicom said. It added that it has experienced increased interest from new customers for potential design integrations of its cyber-secure solutions following the addition of its systems to the Blue UAS Framework in February and the executive order in June.

Mobilicom shares have gained nearly 69% this year and have increased by 605% over the last 12 months. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Also See: Alibaba Jumps 3% Premarket: Barclays Sees Strong Cloud Growth, Instant Commerce Woes Ending

Share

·

Add us on